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Ideas for financial planning before retirement for low-income, young people

Financial planning, spending in advance, before retirement or before stopping work. For people with low incomes and young age, it’s not easy. Because whatever is yet to come Haven’t met myself before. It’s hard to know how to prepare. What problems are waiting for you? very little income what to do In this article, there are personal views that may be useful to readers.

In terms of spending money in the future, there will be many subtleties that are unexpected and difficult to remember. How much money is enough to spend until I die from this world? Therefore, it is necessary to study many aspects. especially people with low incomes and no way to earn more income or there may be a channel But did not earn much money. That means Thoughts on Retiring or Stopping Work and use only money It’s something that can be forgotten. Because it may have to work for the rest of your life. until there is no strength sick, can’t work and ultimately leave this world


Matters to be studied for information for low-income earners

Having a low income, for example, only tens of thousands of baht per month or less, you need to study information that is different from people with high incomes, for example:


1. Simple living, low expenses

Easy to eat, easy to live, will spend very little. Study and take action to live like this. To know how much the actual expenses are or are there any channels that help reduce income, such as growing some vegetables to eat by yourself? cook your own food what kind of food When you do it, you will know for sure. It can help reduce expenses quite a lot.

living like this When you get used to it and get addicted to the simplicity with understanding will be happy In addition, more money will be left to save. From what some financial guru said that when he gets old, he must have a monthly expense of tens of thousands of baht. Have to prepare money in ten million baht. From what the author actually tried to live a simple life. Not more than 5000 baht per month, you can live comfortably. people earning a lot The view will not be the same. how much is our income must find a way to adjust to match

2. Reduce the accumulation of assets, properties that have expenses that must be taken care of.

The presence of certain things, property or possessions that are costly to look at and But that thing is not very valuable or does not make money, does not generate income, should not be accumulated, for example, having many cars. But rarely drive, taxes, gas per year, not less, or have items that do not increase in value in the future or cannot be converted into money but needs care It wastes time watching and or has subsequent costs.

3. Don’t mess with living things.

planting trees or have pets There will be expenditures that will follow. Cost of water, fertilizer, food, maintenance. If it is a plant, the tree should be planted that can be used as food. to help reduce expenses Some people love flowers, plant all sorts of things, spending hours watering them every day. There are expenses for fertilizers, drugs and many other items. Grown only to admire not planted for sale

4. Take care of your own finances and those close to you must not be a burden.

Taking care of yourself in terms of work, spending, money management must do Not a burden to anyone or not a burden to family members when different people try to help themselves More money will be left to save. have more financial stability If the income is low, then you still have to help people around you. there will be no money left

Having many family members, having children, close people who are responsible for the future. Must teach each person to learn how to take care of themselves in terms of working, finance, managing money, earning money, using money with understanding.

5. Take care of your own health and that your family members do not get sick.

taking care of yourself as well as family members pay attention to exercise about food it’s important To help reduce the cost of self-treatment in the future. from illness which sometimes has quite a large expenditure All the savings that I have may not be left at all. with a single illness not yet retired Money may not be left.

In that sickness machine, it’s strange because it usually comes at a time when life is bad. As in the past, some families Encountering the COVID situation The business must be closed, no income, must pull old money to use. Another misfortune, father or mother or old people in the family In the end, there was hardly any money left.

The reason why parents or elderly people in the family get sick, many cases come from not taking care of their own health. It’s also quite stubborn. (Anyone who has elders in the house would probably imagine) not taking care of himself, not exercising, eating food as he pleases, not listening until he is rich in various types of illnesses, having to go to the hospital. Lost a hundred thousand baht. saw that himself has made his children People near you are in trouble, wasting time, money, tens of thousands, hundreds of thousands, so you can start thinking. maybe it’s too late Paying for treatment until almost gone

Therefore, attention must be paid to this matter. If the behavior of people in the house has the risk of getting sick or starting to be rich in disease Also stubborn, do not listen, must be prepared to find a way to prevent it. Don’t wait for someone to get sick. especially if they have low incomes Less savings too Have to open up and have a serious conversation. if disobedient Sometimes you have to let yourself meet. Severely ill at times, it might be thought of.

6. Body donation after death

For singles, single people with very low incomes. can easily take responsibility for himself after death By doing a body donation to a hospital, whether it’s for medical education or donating organs. It will greatly reduce the expenses of managing your own funeral. At that time, he would not be able to get up and do anything by himself. expenses in this section It’s not a few hundred thousand baht, depending on your own reputation or the time of death. Because it may be stuck on Buddhist holy days, shaving days, important days, stuck in a queue, having to go to the kiln, the furnace is not available, causing the body to be kept for many days The cost will also be high as well.

7. Work that affects the body in the future

overwork using the body too hard Should be avoided or gradually decreased, low income but not much physical use You have to choose your body first. Because when you get older The body will begin to suffer from the hard work. Some people, when they were young, carried heavy loads, and when they were old, they had illnesses such as back pain, waist pain, curvature, and spinal problems. And finally, there are expenses that follow. savings I had to take care of myself when I was old. even worse work can’t be done body is sick

8. Find a place to live, don’t have to rent, help reduce expenses.

having your own residence It will greatly reduce the cost. Especially rent for low-income singles. In rural areas, there is land that can be bought inexpensively. Although ownership cannot be transferred But living just to pass this life It saves costs and that’s enough.

You only need to learn how to work from a remote location, such as producing products, selling them through the internet, sending them by mail. Even in remote areas, but requesting a transportation service Not far from the post office, Kerry Flash can work and earn money. like the author work through the internet Wherever you are, you can work. Just have a mobile phone signal, can use the internet, etc.

Some people don’t have land on the road. can open a restaurant, have customers, have food riders waiting to receive The customers came to support us until the food could barely be made in time. This is an example of being in a distant place. saving money No need to buy expensive land on the road. can do business Because nowadays there are ways to promote your business through Facebook. through social media to be known easily.

9. Be careful with spending money on vehicles.

A vehicle is a must. But be careful that you will spend a lot of money, hundreds of thousands of millions on buying a car, using a car, buying a car or a motorcycle. must be worth it Emphasis on long-term use for more than ten years, examples of things to know about cars motorcycle

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